The Stegos Privacy Platform (Stegos) combines a unique blockchain and token design to implement the first cryptocurrency that’s absolutely private, secure, efficient and environmentally sustainable. Stegos uses the UTXO (coin) model and gPoS (gamified Proof of-stake) consensus, combining existing privacy coin ideas and the latest cryptographic research to create a fully scalable and prunable privacy blockchain and application platform.
The main product of the platform is an instant messaging app integrated with a wallet which can be used to communicate and transact with people globally.Stegos is not like conventional email and online messaging services, it’s fully decentralized, absolutely secure and anonymous without leaving any trace in the open. There's no way to trace who you send or receive information, or even to trace how you are relating to Stegos blockchain. The only one that can see what you sent is the receiver and there's no way to link what you sent to your real-life identity.
protects and empowers users by protecting their personal information from prying eyes. Other cryptocurrencies, even privacy coins, require users to reveal their identities in various ways. But Stegos will allow you to buy and sell cryptocurrency, request and send payments and, most importantly, communicate with other Stegos users. All with complete anonymity, all with one application and token (STG).
Stegos is remodeling the concept of privacy blockchain protocol by developing a platform which can be used for anonymous transactions and instant messaging. It is also a platform where developers can build all kinds of privacy-based decentralized applications (Dapps) thereby further advancing the concept of anonymous digital ecosystem built for everyday's activities.
CONCLUSION
The ability blockchain uses to render transactions public can as well be revamped to completely render transactions or data untraceable. This is an astonishing diverse ability it possess and innovations seem to be limitless where blockchain is concerned. Whereas the need for openness arises due to the cravings by certain percentage of users, so also is the need for privacy by another. You would agree with me that adoption of blockchain technology and crytocurrency in the private sectors/enterprises, others is greatly hindered by the supposedly benefits it gives to others. The need for mainstream adoption prompts privacy-oriented blockchain segment.
Useful Links
Website: https://stegos.com/
Whitepaper: https://stegos.com//docs/stegos-whitepaper.pdf
Telegram chat: https://t.me/stegos4privacy
Facebook page: https://www.facebook.com/stegos4privacy
Twitter url: https://twitter.com/stegos4privacy